EXHIBIT 11 TYSON FOODS, INC. COMPUTATION OF EARNINGS PER SHARE (In thousands except per share data) December 31, January 1, 1994 1994 ____________ __________ Primary: Average common shares outstanding during the period 144,211 147,503 Net effect of dilutive stock options based on the treasury stock method using average market price 834 1,077 _______ _______ Total common and common equivalent shares outstanding 145,045 148,580 ======= ======= Net income $52,235 $44,379 ======= ======= Earnings per share $.36 $.30 ==== ==== Fully Diluted: Average common shares outstanding during the period 144,211 147,503 Net effect of dilutive stock options based on the treasury stock method using the quarter- end market price, if higher than average market price 834 1,149 _______ _______ Total common and common equivalent shares outstanding 145,045 148,652 ======= ======= Net income $52,235 $44,379 ======= ======= Earnings per share $.36 $.30 ==== ==== 85